March 2023 - Page 2 of 5 - Pakistan Textile Portal

ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) AND PAKISTAN’S TEXTILE INDUSTRY

Leave a Comment / National / By Nayab Islam

Mr Shahid Sattar, Secretary General, APTMA Ms Noreen Akhtar, Research Associate – Sustainable Development, APTMA Pakistan’s textile sector is experiencing a rising requirement from the global community of buyers to enhance environmentally and socially sustainable practices. To fulfil this, Pakistan’s textile industry must widely adopt ESG (Environmental, Social and Governance) practices and solutions. ESG has …

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China to extend zero-tariff treatment to Ethiopia, Niger, & Burundi

Leave a Comment / International / By Nayab Islam

China’s state council customs tariff committee said that starting on March 1, 2023, 98 percent of taxable goods coming from Ethiopia, Burundi, and Niger will be exempt from tariffs. This action aims to promote an open global economy, the growth of the least developed countries, and Chinese friendship and cooperation with African states. At the …

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India’s ColorJet retains Platinum Sponsorship of ITMA 2023

Leave a Comment / International / By Nayab Islam

Color Jet Group, based in India, has agreed to serve as the event’s Platinum Sponsor. ITMA 2023 will take place at Fiera Milano in Milan, Italy, from June 8–14, 2023, and will include the largest gathering of textile and apparel machinery worldwide. The sponsorship was officially signed at a meeting that followed the exhibition site …

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SUSTAINABLE WATER MANAGEMENT IN PAKISTAN’S TEXTILE INDUSTRY

Leave a Comment / Textile / By Nayab Islam

Shahid Sattar and Noreen Akhtar Unsustainable industrial water consumption has become a massive environmental sustainability challenge. Discharge of untreated wastewater, lack of water-efficient technologies, and absence of recycling and reuse techniques are significant contributors to industrial water pollution. All industrial manufacturing operations and raw material production consume water extensively. Textile dyeing is considered the second …

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Bangladesh sees less FDI as clearance to start biz takes longer: BIDA

Leave a Comment / International / By Nayab Islam

Lokman Hossain Miah, executive chairman of the Bangladesh Investment Development Authority (BIDA), recently stated that a committee headed by the prime minister’s principal secretary had been formed to investigate the issue. He claims that Bangladesh attracts less foreign direct investment (FDI) because it takes comparatively longer to start a business here than in rival countries. …

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Austria’s Lensing & NFW to offer sustainable leather alternatives

Leave a Comment / Sustainability / By Nayab Islam

The Natural Fiber Welding Corp (NFW) and Austrian company Lenzing have partnered to provide Tencel-branded fibres as another supporter choice for NFW’s unique plant-based technology, Mirum. The international leather expo, Linea Pelle, which runs from February 21–23 in Milan, Italy, will feature the Mirum x Tencel partnership for the first time. Mirum is a material …

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BARRIERS TO RENEWABLE ENERGY TRANSITION FOR PAKISTAN’S TEXTILE INDUSTRY

Leave a Comment / National / By Nayab Islam

Energy sector is the largest GHG producer in Pakistan. It is estimated that the energy demand in the country will reach 108 – 126 million tons of oil equivalent (TOE) by 2030. With the growing unsustainable management of energy demand, Pakistan’s continuous reliance on imported fossil fuels and outdated coal technology has affected the country’s …

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16% of US power generation forecast from renewable energy in ’23: EIA

Leave a Comment / International / By Nayab Islam

According to the US Energy Information Administration’s Short-Term Energy Outlook, wind and solar energy will generate 16% of the nation’s total power in 2023, up from 14% in 2021 and 8% in 2018. (EIA). In 2023 and 2024, less electricity is anticipated to be produced by coal- and natural gas-fired power plants due to increased …

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Spain’s growth projected to moderate from 5.2% in 2022 to 1.1% in 2023

Leave a Comment / International / By Nayab Islam

After recently concluding the Article IV consultation with Spain for 2022, the executive board of the International Monetary Fund (IMF) announced that economic growth in Spain is expected to moderate from 5.2% last year to 1.1% this year, reflecting the effects of high energy and food prices, tighter financial conditions, and weaker external demand. By …

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The Global Recycled Standard (GRS)-certified Infinity series of eco-friendly worsted yarns are being introduced by the textile company Rifil Group, located in Romania, and is created using Regel, a recycled acrylic fiber from Thai Acrylic Fiber (TAF). In January of this year, the new high-performance yarn will be introduced during the Pitti Filati trade expo in Florence, Italy.

Romania’s Rifil launches Infinity Yarns with TAF’s Regel

Leave a Comment / International / By Nayab Islam

The Global Recycled Standard (GRS)-certified Infinity series of eco-friendly worsted yarns are being introduced by the textile company Rifil Group, located in Romania, and is created using Regel, a recycled acrylic fiber from Thai Acrylic Fiber (TAF). In January of this year, the new high-performance yarn will be introduced during the Pitti Filati trade expo …

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